[meteorite-list] Meteorites, investments and the law

From: Michael Gilmer <michael_w_gilmer_at_meteoritecentral.com>
Date: Thu, 19 Feb 2009 07:21:48 -0800 (PST)
Message-ID: <747358.68184.qm_at_web58404.mail.re3.yahoo.com>

Hi listees!

In a recent post, Steve Arnold #1 said :

"While it is against the S.E.C. and F.T.C. laws to represent (or even
mention) meteorites as "investments" rather than "collectibles,"..."

Is this true? And if so, why on Earth is it true?

Does this mean I cannot relate to others how much money I have
made off my meteorites? For example, I bought a meteorite during
my first weeks in the hobby (almost 2 years ago) for about $5.
It was part of a larger lot, but the individual cost worked out
to $5. I just sold that same meteorite for $250. So, is it
against the law for me to state that my meteorite was a good
investment? I cannot relate the truth of a personal experience
to another person, because that is breaking the law? What next?
I cannot tell people I clipped a coupon from the paper and saved
money at the grocery store? Am I breaking the law by asking
these questions? Are jackbooted, ski-masked, badge-wearing, thugs
on the way to my house right now?

If this is true, someone please tell me when we starting living
in Soviet Russia and free speech went out the window?

Regards and clear skies,

MikeG


.........................................................
Michael Gilmer (Louisiana, USA)
Member of the Meteoritical Society.
Member of the Bayou Region Stargazers Network.
Websites - http://www.galactic-stone.com and http://www.glassthrower.com
..........................................................




      
Received on Thu 19 Feb 2009 10:21:48 AM PST